Sony has announced it will cut its global supply chain by half over the next two years in a move which will see the Japanese consumer electronics giant save Y500bn (£3.37bn, $5.3bn).
The company said it will cut its number of suppliers from 2,500 to around 1,200. It will then order from these remaining suppliers in higher volumes.
Sony has projected losses of Y110bn (£740m, $1.16bn) this year. In 2008 it lost roughly double that.
A spokesman said the company has not yet decided which suppliers to keep and which ones to drop but commented: “As we ramp up volume with the suppliers we do chose it will come down to which ones can give us what we need in the time frame that we need it, more than any geographical consideration.”
